Shares of Canadian Life Companies Split Corp. (TSE:LFE – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as C$6.32 and last traded at C$6.32, with a volume of 80838 shares traded. The stock had previously closed at C$6.25.
Canadian Life Companies Split Trading Up 1.1 %
The company has a 50 day moving average of C$5.31 and a 200 day moving average of C$4.81. The company has a debt-to-equity ratio of 210.26, a quick ratio of 1.33 and a current ratio of 1.47. The stock has a market capitalization of C$64.72 million, a price-to-earnings ratio of 4.79 and a beta of 2.90.
Canadian Life Companies Split Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, September 10th were paid a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 18.99%. The ex-dividend date was Friday, August 30th. Canadian Life Companies Split’s dividend payout ratio is currently 90.91%.
About Canadian Life Companies Split
Canadian Life Companies Split Corp. is a closed-ended equity mutual fund launched and managed by Quadravest Capital Management Inc It invests in the public equity markets of Canada. The fund seeks to invest in stocks of companies operating in the life insurance sector. It primarily invests in stocks of four publicly traded life insurance companies namely Great-West Lifeco Inc, Industrial Alliance Insurance and Financial Services Inc, Manulife Financial Corporation, and Sun Life Financial Inc The fund employs fundamental analysis with a focus on such factors as a firm's earning history, relative price-earnings multiple, cash flow, dividend yield, market position, and growth prospects to create its portfolio.
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